M SOLUTION
ActiveSummary
M SOLUTION has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €169,394 and a net result of -€8,751. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 91% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▼-14
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 9.0 against 11.15 in 2024; short-term debt: 7.8% and cash: 38% of total assets), and 7.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
29 d late
2022
69 d late
2021
30 d late
2019
88 d late
2017
59 d late
2015
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€8,751
2024 · €15,300
Working capital
€114,509▼ 23.0%
2024 · €148,759
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192021202220242025
Operating result-€11,611-€14,487-€74,850▲ 417%€23,325--€8,081
Net result-€16,940-€5,791within the sector's middle half-€34,341within the sector's middle half▲ 493%€15,300within the sector's middle half--€8,751below the sector's middle half
Equity€144,076-€132,545within the sector's middle half-€166,885within the sector's middle half▲ 25.9%€218,278within the sector's middle half-€169,394within the sector's middle half▼ 22.4%
Total assets€194,513-€164,948below the sector's middle half-€218,984within the sector's middle half▲ 32.8%€232,940within the sector's middle half-€183,707within the sector's middle half▼ 21.1%
Debt€50,437-€32,403-€52,099▲ 60.8%€14,663-€14,313▼ 2.4%
Working capital€27,905-€42,769within the sector's middle half-€52,926within the sector's middle half▲ 23.7%€148,759above the sector's middle half-€114,509within the sector's middle half▼ 23.0%
Solvency74.1%-80.4%above the sector's middle half-76.2%within the sector's middle half▼ 4.1pp93.7%above the sector's middle half-92.2%above the sector's middle half▼ 1.5pp
Current ratio1.90-2.32within the sector's middle half-2.02within the sector's middle half▼ 0.3011.15above the sector's middle half-9.00above the sector's middle half▼ 2.14
Return on assets (ROA)-8.7%-3.5%within the sector's middle half-15.7%within the sector's middle half▲ 12.2pp6.6%within the sector's middle half--4.8%below the sector's middle half▼ 11.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8,081 after €23,325 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183,707
Fixed assets
€54,886 ▼ 21.0%
Current assets
€128,821 ▼ 21.2%
Equity and liabilities €183,707
Equity
€169,394 ▼ 22.4%
Debt
€14,313 ▼ 2.4%
Debt's share of the balance-sheet total rises from 6.3% to 7.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7,672▼
2024 · €41,161
Cash flow
€7,002▼
2024 · €33,136
Debt to equity
0.08▲
2024 · 0.07
ROE
-5.2%▼
2024 · 7.0%
Interest coverage
28.26▼
2024 · 71.55
Debt ≤ 1 year
€14,313▼
2024 · €14,663
Income taxes
€399▼
2024 · €7,450
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,915 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,280 | €26,019 | €14,010 | €17,836 | €15,754 | ▼ 11.7% |
| Other operating charges640/8 | - | €1,698 | €2,797 | €1,764 | €1,526 | ▼ 13.5% |
| Gross operating margin9900 | €22,798 | €42,203 | €91,657 | €42,925 | €9,199 | ▼ 78.6% |
| Operating profit (loss)9901 | -€11,611 | €14,487 | €74,850 | €23,325 | -€8,081 | ▼ 135% |
| Financial charges65/66B | - | €601 | €10,116 | €575 | €272 | ▼ 52.8% |
| Recurring financial charges65 | €694 | €601 | €197 | €575 | €272 | ▼ 52.8% |
| Non-recurring financial charges66B | - | - | €9,919 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€16,749 | €13,885 | €64,734 | €22,750 | -€8,353 | ▼ 137% |
| Income taxes67/77 | €191 | €8,094 | €30,394 | €7,450 | €399 | ▼ 94.7% |
| Profit (loss) for the period9904 | -€16,940 | €5,791 | €34,341 | €15,300 | -€8,751 | ▼ 157% |
| Profit (loss) for the period to be appropriated9905 | -€16,940 | €5,791 | €34,341 | €15,300 | -€8,751 | ▼ 157% |
| Line | 2019 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €194,513 | €164,948 | €218,984 | €232,940 | €183,707 | ▼ 21.1% |
| Fixed assets21/28 | €135,745 | €89,776 | €113,959 | €69,519 | €54,886 | ▼ 21.0% |
| Tangible fixed assets22/27 | €95,995 | €50,026 | €74,209 | €42,769 | €28,136 | ▼ 34.2% |
| Land and buildings22 | - | €4,567 | €3,044 | €0 | - | - |
| Plant, machinery and equipment23 | - | - | €4,596 | €3,616 | €3,125 | ▼ 13.6% |
| Furniture and vehicles24 | - | €45,459 | €66,569 | €39,153 | €25,011 | ▼ 36.1% |
| Financial fixed assets28 | €39,750 | €39,750 | €39,750 | €26,750 | €26,750 | = |
| Current assets29/58 | €58,768 | €75,172 | €105,025 | €163,421 | €128,821 | ▼ 21.2% |
| Amounts receivable within one year40/41 | €32,418 | €49,486 | €57,224 | €27,550 | €48,151 | ▲ 74.8% |
| Trade receivables40 | - | €29,255 | €50,318 | €14,000 | €14,000 | = |
| Other amounts receivable41 | - | €20,231 | €6,906 | €13,550 | €34,151 | ▲ 152% |
| Cash at bank and in hand54/58 | €25,477 | €24,225 | €45,865 | €125,753 | €69,803 | ▼ 44.5% |
| Deferred charges and accrued income490/1 | - | €1,461 | €1,935 | €10,118 | €10,867 | ▲ 7.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €194,513 | €164,948 | €218,984 | €232,940 | €183,707 | ▼ 21.1% |
| Equity10/15 | €144,076 | €132,545 | €166,885 | €218,278 | €169,394 | ▼ 22.4% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €44,866 | €50,657 | €84,998 | €136,390 | €96,258 | ▼ 29.4% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | - | - | - |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | - | - | - |
| Distributable reserves133 | - | €48,802 | €83,143 | €136,390 | €96,258 | ▼ 29.4% |
| Profit (loss) carried forward14 | €80,660 | €63,338 | €63,338 | €63,338 | €54,586 | ▼ 13.8% |
| Amounts payable17/49 | €50,437 | €32,403 | €52,099 | €14,663 | €14,313 | ▼ 2.4% |
| Amounts payable after more than one year17 | €19,574 | - | - | - | - | - |
| Amounts payable within one year42/48 | €30,863 | €32,403 | €52,099 | €14,663 | €14,313 | ▼ 2.4% |
| Current portion of amounts payable after more than one year42 | - | €7,869 | - | - | - | - |
| Trade debts44 | €1,929 | €14,447 | €14,304 | €36 | - | - |
| Suppliers440/4 | - | €14,447 | €14,304 | €36 | - | - |
| Taxes, remuneration and social security45 | - | €10,087 | €37,795 | €13,890 | €14,255 | ▲ 2.6% |
| Taxes450/3 | - | €10,087 | €37,795 | €13,890 | €14,255 | ▲ 2.6% |
| Other amounts payable47/48 | - | - | - | €737 | €58 | ▼ 92.2% |
| Line | 2019 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,940 | €5,791 | €34,341 | €15,300 | -€8,751 | ▼ 157% |
| + Depreciation and write-downs630 | €27,280 | €26,019 | €14,010 | €17,836 | €15,754 | ▼ 11.7% |
| Operating cash flow (approximation) | €10,340 | €31,810 | €48,351 | €33,136 | €7,002 | ▼ 78.9% |
| Investment in fixed assets (approximation) | - | - | -€38,194 | - | -€1,121 | - |
| Change in cash | - | - | €21,640 | - | -€55,950 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity times 6current ratio 11.15
Current ratio from 2.02 to 11.15; short-term debt falls from €52,099 to €14,663.
31-12
Financial
Equity above €200,000Eq €218,278 ▲30.8%
3 profitable years in a row build equity to €218,278.
2023
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 69 days late
2022
31-12
Financial
Highest result since 2019net €34,341 ▲493%
Operating result €74,850, net result €34,341, both a record.
31-12
Financial
Equity above €150,000Eq €166,885 ▲25.9%
2 profitable years in a row build equity to €166,885.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Back to profitnet €5,791
Net result €5,791 after one loss-making year.
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 88 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Show earlier events
2015
25-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 25 days late
2014
25-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 25 days late
2013
09-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Les Bons Villers · 1 establishment unit since 2008
Ground area
540 m²
Building footprint
115 m²
Volume, LiDAR
910 m³
Parcel 52046B0776/00Z000, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
M SOLUTION
since 20082.192.984.512
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52046B0776/00Z000 | Wallonia | 540 m² | 1 · 115 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 40,708 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894899531
Also
9925:BE0894899531
Registered
17-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.